Which of the following is true of detective controls that can be put into place at an organization to help uncover fraud and unethical activity related to cash, cash controls, and cash management?

Detective controls include instituting a review process on bank reconciliations, and crossreferencing deposits versus cash receipts, and can be implemented across industry lines.

Detective controls can only be authorized by an external auditor so it is very difficult for internal management to put detective controls into place around cash management.

Cash is a fungible asset and, as an asset that can be transmitted and owned by an individual simply by possessing the asset, there is not a reasonable way to enact internal controls for cash items.

Since many organizations are moving to a cashless system of payments and receipts, controls over cash and cash management are not relevant in the current environment.